Bilibili (NASDAQ:BILI) Shares Gap Down – Here’s What Happened

Bilibili Inc. (NASDAQ:BILI)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $18.11, but opened at $17.64. Bilibili shares last traded at $17.42, with a volume of 1,213,426 shares changing hands.

Analyst Ratings Changes

Several analysts have recently commented on the company. Daiwa America raised Bilibili from a “hold” rating to a “strong-buy” rating in a research note on Friday, November 8th. Mizuho increased their price target on shares of Bilibili from $17.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th. Bank of America lifted their price objective on shares of Bilibili from $19.00 to $22.50 and gave the stock a “buy” rating in a report on Friday, October 25th. Benchmark raised their price objective on Bilibili from $16.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Morgan Stanley began coverage on shares of Bilibili in a report on Wednesday, September 25th. They set an “equal weight” rating and a $20.00 target price for the company. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.69.

Bilibili Stock Performance

The stock has a market cap of $7.26 billion, a PE ratio of -19.03 and a beta of 0.80. The firm has a fifty day moving average price of $20.07 and a 200 day moving average price of $18.08.

Bilibili (NASDAQ:BILI) last posted its quarterly earnings results on Thursday, November 14th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.10 by $0.47. Bilibili had a negative net margin of 10.73% and a negative return on equity of 15.17%. The company had revenue of $7.31 billion for the quarter, compared to analyst estimates of $7.14 billion. During the same period in the prior year, the company earned ($0.39) earnings per share. The firm’s revenue was up 25.8% on a year-over-year basis. On average, equities research analysts forecast that Bilibili Inc. will post -0.34 earnings per share for the current year.

Institutional Trading of Bilibili

Several large investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in shares of Bilibili in the 2nd quarter valued at approximately $29,336,000. First Beijing Investment Ltd boosted its position in shares of Bilibili by 96.2% in the 3rd quarter. First Beijing Investment Ltd now owns 3,793,582 shares of the company’s stock valued at $88,694,000 after purchasing an additional 1,860,496 shares during the period. BNP Paribas Financial Markets increased its stake in Bilibili by 422.0% in the third quarter. BNP Paribas Financial Markets now owns 2,256,058 shares of the company’s stock valued at $52,747,000 after purchasing an additional 1,823,829 shares during the period. Two Sigma Advisers LP raised its stake in shares of Bilibili by 14,710.1% during the third quarter. Two Sigma Advisers LP now owns 1,762,400 shares of the company’s stock worth $41,205,000 after purchasing an additional 1,750,500 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in Bilibili by 208.4% in the 3rd quarter. Jennison Associates LLC now owns 1,807,524 shares of the company’s stock valued at $42,260,000 after purchasing an additional 1,221,433 shares in the last quarter. 16.08% of the stock is currently owned by hedge funds and other institutional investors.

Bilibili Company Profile

Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a range of digital content, including professional user generated videos, mobile games, and value-added services, such as live broadcasting, occupationally generated videos, audio drama on Maoer, and comics on Bilibili Comic.